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Eurozone GDP grew 0.2 percent in Q4 2018 for a second straight quarter, and 2018 growth slowed to 1.8 percent from 2.3 percent in 2017. Analysts at Capital Economics expect growth to stay weak in 2019, with risks skewed to the downside.
The euro was resilient on the day despite the data.
Slower euro-area growth reduces demand for feed and livestock output in Europe and keeps the euro under pressure against the dollar. The price effect on feed commodities is modest.
poundsterlinglive.comJames SkinnerJan 31, 2019After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
